Stocks in news: Coal India, Rel Infra, Kaveri Seeds, Apollo
IDBI Bank | Greaves Cotton | IL&FS Engineering | Coal India | Reliance Infrastructure | West Coast Paper | Hindustan Zinc | Kaveri Seeds | Apollo Tyres | Kajaria Ceramics | GE Shipping | Oriental Bank of Commerce | PNB and DLF are stocks, which are in the news today.
October 09, 2013 / 09:52 IST
Here are stocks that are in news today:
IMF
-Cuts India's FY14 GDP growth forecast to 3.8 percent from 5.6 percent in July
-Cuts India's FY15 GDP growth forecast to 5.1 percent from 6.3 percent in JulyIMF chief economist to CNBC-TV18
-Emerging market economies have slowed down
-Debt ceiling more worrying
-Government spending cut to lead to fiscal consolidation, demand contraction
-Slowdown in domestic demand in India is a problem
-India's business environment not good
-Gold imports serving a blow to current account deficit
-India's sovereign downgrade can be avoided
-India needs to control fiscal deficitDLF-Japan's LIXIL Corporation has acquired 70 percent stake in Star Alubuild from Romi Malhotra, the founder of the company and DLF subsidiaries
-DLF’s two subsidiaries namely, DLF Home Developers and DLF Projects have divested 60 percent stake in Star Alubuild for an enterprise value of Rs 79.8 crore
-Transaction is a part of DLF's objective of divesting its non-core assetsSBI-Revises interest rates on bulk deposits
-Revises interest rates on 7-60 days bulk deposits to 8.5 percent applicable tomorrowPNB-Launches special offer for select loans up to January 31
-To give car loans at fixed rate of 10.65 percent till January 31
-To give 2-wheeler loans at fixed rate of 12.25 percent till January 31
-To give personal, consumer durable loan at fixed rate of 12.75 percent till January 31PNB says
-Waived processing fee on housing, car, 2-wheeler, consumer durable loans
-Cut rate on select loans only in case of fixed rate of interestOn CNBC-TV18 - PNB Chairman:
-Car loans have seen reduction of 1.10 percent
-Personal loans for consumer durables cut by 1-2 percent
-Interest rate for 2-wheeler loans cut by up to 2.5 percent
-No corporate credit pick up, need to pick up retail credit
-'Today's market offers retail credit as safest bet'
-'Not been nudged by FM to cut lending rates'Oriental Bank of Commerce-To cut personal, consumer durable loan rates by 25 bps
-Interest rate cut to be applicable effectively tomorrow onwards
-To also cut 4-wheeler loan interest rate by 25 bpsRBI:
-No further share purchase by FIIs in Kajaria Ceramics
-FII investment in Kajaria Ceramics crosses 24 percent limit
-FII investment in GE Shipping reaches 24 percent limit
-No further share purchase by FIIs in GE ShippingOther stocks and sectors that are in news today:
-Results Today: PTC India Financial and Chemfab Alkalies-Cooper Tire rejects Apollo Tyres’ demand to cut its deal size by 25 percent: Reports
-Bayer Cropscience may buy minority stake in Kaveri Seeds: ET
-Mines ministry adds riders to Hindustan Zinc stake sale, says stake sale only after amendment of Nationalism & Miscellaneous act: ET
-HC ask Mehul Choksi not to sell property pending arbitration
-West Coast Paper puts 2 DG sets on block
-FMC accuses NSEL directors of defrauding investors: Reports
-Reliance Infrastructure board to meet today to mull raising long-term borrowings for the purpose of refinancing of rupee debt, capex etc
-Coal India board to meet today to consider buy back of shares
-IL&FS Engineering to mull rights issue today
-Greaves Cotton divests entire stake in German arm
-IDBI Bank to offer home, auto loan at base rate for festive season applicable todayEconomic Offences Wing
-Calls Jignesh Shah & Joseph Massey for questioning
-Asks Jignesh Shah & Joseph Massey w.r.t. role in NSEL
-To call Shah, Massey again for questioning in next few days Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
